Every 3rd LS candidate in J-K a crorepati

Of the 78 candidates who have entered the electoral arena in J-K, 27 are crorepatis

Image
Press Trust of India Srinagar
Last Updated : May 01 2014 | 5:22 PM IST
Every third candidate in the fray for Lok Sabha polls in the six seats of Jammu and Kashmir, where polling will end on May 7, is a 'crorepati' with the richest of them having declared property worth nearly Rs 100 crore.

Of the 78 candidates who have entered the electoral arena in J-K, 27 are crorepatis, according to affidavits submitted along with nomination papers filed for the general elections.

Opposition Peoples Democratic Party (PDP) candidate for Srinagar Lok Sabha seat, Tariq Hamid Karra, is by far the richest of the lot with assets valued at nearly Rs 100 crore.

Also Read

Party-wise, BJP has highest number of crorepati candidates (four) followed by National Conference (three), PDP and Congress (two each). Apart from these big parties, there are Independent contestants also who have declared assets in crores.

Karra's party colleague and the candidate for Baramulla constituency, Muzaffar Hussain Baig, is next on the list with assets worth Rs 16.46 crore while ruling National Conference president and Union minister Farooq Abdullah, fighting for the Srinagar seat, has declared assets worth Rs 13.10 crore.

But alongside the crorepatis, there are as many as 10 aspirants in the fray who have declared assets worth less than Rs 1 lakh.

The most interesting is the case of two Independent candidates. Mohammad Imtiaz -who contested from the Jammu Lok Sabha seat- is penniless, has no bank account and does not own immovable property.

Similar is the story of 40-year-old Raj Kumar, also a contestant for the Jammu seat. Kumar has Rs 500 in his bank account, which was probably opened for the purpose of filing nomination papers for the poll. However, his spouse, whom he has mentioned as a 'senior citizen' in the occupation column, owns assets worth Rs 20 lakh.

As to the other crorepatis contesting polls in the state, there is Independent candidate A K Gupta, who had fought the poll battle for the Udhampur Lok Sabha seat. Gupta has movable and immovable property worth Rs 5.20 crore.

He is followed by Union Minister and Congress candidate for the same constituency, former J-K chief minister Ghulam Nabi Azad, who has assets worth Rs 4.14 crore.

National Conference candidate and sitting MP Sharief-ud- din Shariq owns assets valued at more than Rs 3 crore, as does the BJP candidate for the Udhampur seat, Jitendra Singh, and Independent Nirmal Singh, who contested the Jammu seat.

Of the six Lok Sabha seats in the state, polling has already been held in Jammu, Udhampur, Anantnag and Srinagar while people in Baramulla and Ladakh seats will vote on May 7.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 01 2014 | 5:18 PM IST

Next Story